MTN Entrepreneurship Challenge – Teams to Win Over $75,000 in Prizes

Deadline: March 27, 2016
Jump start your big idea with $25,000 and an invaluable support network.
The MTN Entrepreneurship Challenge powered by Jumia was born out of the desire to contribute to building a
stronger and more sustainable
business environment in Africa and to boost the entrepreneurial spirit of Africa. It is a Pan-African challenge and invites teams from across the
continent.
Reflecting both the MTN Solution Space’s and Jumia’s passion for responsible e-business, the focus will
be on sustainable and responsible digital solutions for the African market. The main criteria that will be evaluated are: Fit to African Market;
Operational Feasibility; Innovation and Financials.
Prizes Teams to win over $75,000 in prizes, including investment, cash, and in-kind awards.
Finalist teams will get a trip to
Cape Town, South Africa to
present at the MTN
Entrepreneurship Challenge
powered by Jumia Festival in May 2016. The winners will be
announced at the festival with the top team being awarded the
opportunity for incubation at the
premises of either MTN Solution
Space in Cape Town, or at one of
9 Jumia offices across the
continent.
Teams will also have the
opportunity to meet and network
with early stage investors,
experienced business
professionals and successful
entrepreneurs who will serve as
judges for the competition.
See Additional Prizes.

Eligibility
Teams must be comprised of 2-3 members, at least one of which must be a current student or recent graduate of an African
university;
Entrants cannot be part of more
than one team;
Only one business plan can be
submitted per team;
Business projects can only be
submitted in either English or
French;
The business project must be
focused around online-based
solutions and must be relevant to the African market. Criteria
consist of: Fit to African Market;
Operational Feasibility; Innovation and Financials;
Projects must consist of 2
elements: Executive Summary (2
pages including SWOT analysis)
and Financial Statement (pro
forma – Income Statement);
All ideas must be original and
plagiarised entries will not be
considered;
Finalists must be free and willing to travel to Cape Town, South Africa for the Entrepreneurship Festival from May 26 – 28, 2016;
MTN Solution Space and Jumia
ensure the strict protection of
Intellectual Property Rights and
sensitive details of your
innovation will be kept
confidential. Everyone involved in the MTN Entrepreneurship
Challenge powered by Jumia
selection process is bound by a
MTN Solution Space/Jumia and
MTN Entrepreneurship Challenge Non-Disclosure agreement requiring them to keep all information confidential.
Failure to obey any of the rules or requirements listed above can result in automatic disqualification with no
possibility for further participation in the future editions of the MTN
Entrepreneurship Challenge powered by Jumia.
Terms and Condition here..
gsb.uct.ac.za/s.asp?p=619
Application Proces Begin Application Here .
If you have questions, please read the FAQ page or you can contact the MTN
Entrepreneurship Challenge powered by Jumia team: Bankole Cardoso via
email: mtnec@gsb.uct.ac.za